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SEC Urged To Look At Big Picture Before Holding CCOs Liable (Law360)

Law360, January 10, 2022

SEC Urged To Look At Big Picture Before Holding CCOs Liable

The NSCP also supports a June 2021 framework floated by the New York City Bar Association that was also focused on evaluating CCO liability, but that proposal only offers a ‘partial solution’ since it is based ‘solely on … the responsibilities and expectations of the [CCO] position,’ according to the report.

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